News Bitcoin - Japan Has Become a Big Player Within the Bitcoin Economy

When it comes to Bitcoin, a lot has changed in Japan since the Mt Gox days. Back in May of 2016, the country’s government defined digital currency as money. Since then, exchanges like Bitflyer, Zaif, and Coincheck have been trading a lot of bitcoin. Alongside this, digital currency and blockchain-related investments within the region have been announced regularly throughout the past year.

On January 20, the Japanese-based GMO Internet group announced that it would soon be developing a bitcoin exchange and wallet service. The well-known company which has commanded the country’s IT markets for fourteen years is pleased with the new venture. The firm says it will be providing a safe environment for cryptocurrency trading given its significant background in online securities.

News Bitcoin - Japan Has Become a Big Player Within the Bitcoin Economy

When it comes to Bitcoin, a lot has changed in Japan since the Mt Gox days. Back in May of 2016, the country’s government defined digital currency as money. Since then, exchanges like Bitflyer, Zaif, and Coincheck have been trading a lot of bitcoin. Alongside this, digital currency and blockchain-related investments within the region have been announced regularly throughout the past year.

On January 20, the Japanese-based GMO Internet group announced that it would soon be developing a bitcoin exchange and wallet service. The well-known company which has commanded the country’s IT markets for fourteen years is pleased with the new venture. The firm says it will be providing a safe environment for cryptocurrency trading given its significant background in online securities.

Its good to see that Japan is becoming one of the biggest bitcoin players. Atleast when China exchange collapse. We have Japan to catch bitcoin from falling. China is playing bitcoin for many years. I guess bitcoin competition is getting started. We will see more of that in the future.

Japan has always been one of the major players on the bitcoin marketit has all the prerequisities to be the next bitcoin capital:high tech society,modern infrastructure,experience in being a home to some of the largest bitcoin exchanges in the world,pro bitcoin legislation etc.now when many of the traders will flee chinese markets/exchanges there is a chance that the scales would tip and Japan becomes a much bigger player

Back in May of 2016, the country’s government defined digital currency as money.

This was the smartest move. Now they can regulate it, tax it and let businesses flourish on proper ground.They get richer while countries with more retarded governments (including mine) lose the chance.